Commodity Gold as we can see price is trading in a falling wedge pattern so after a breakout of resistance or support we can see a new range expansion in it targets i mentioned on chart, stop loss we can take an opposite direction closing above or below of support or resistance after any of trendline breakout.
NOTE- Only for Education Purpose.
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NOTE- Only for Education Purpose.
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Comment:
YESTERDAY MADE A LOW OF 58375 NEAR SUPPORT BASED TARGET 1 AFTER BREAKING FALLING SUPPORT.
Trade closed: target reached:
YESTERDAY CLOSED BELOW SUPPORT TRENDLINE TODAY DID SELL TARGET 1 CAN DO TARGET 2 ALSO. HAPPY WITH FIRST COMEX TARGET, THANKS FOR GIVING GOOD RESPONSE MATES.
Comment:
NOW TRADING BELOW SUPPORT ONE, AND FALLING SUPPORT IS ACTING AS A GOOD RESISTANC EBECAUSE PRICE IS TRADING BELOW FROM IT, 1000 POINTS FALL AFTER BREAKDOWN. CAN DO TARGET 2